IBM and AWS support oil & gas industry with energy transition
ADIPEC, IBM and Amazon Web Services (AWS) have partnered to support the oil & gas industry accelerate it energy transition.
Specifically, IBM and AWS will combine the benefits of IBM Open Data for Industries for IBM Cloud Pak for Data and the AWS Cloud to serve energy customers.
This solution is built on Red Hat OpenShift and will run on the AWS Cloud, enabling customers to run workloads in the AWS cloud and on-premises. Both companies have announced intentions to collaborate on future functionality to provide greater flexibility and choice on where to run OSDU applications.
"Much of the data needed to solve the complex energy challenges, such as superior subsurface decisions, already exists, yet is untapped. This is because one of the greatest values of that data is derived when it can be effectively combined, but usually this data is locked by data residency requirements, legacy applications or proprietary data formats," said Bill Vass, vice president of engineering, AWS.
"By collaborating with IBM and leveraging Red Hat OpenShift, we will be able to offer customers a global, seamless offering with the flexibility to run on virtually any IT infrastructure and drive longer-term digital innovation."
IBM Open Data for Industries is an open-source solution using the OSDU data foundation for the oil, gas and energy industry. It is fully integrated with IBM Cloud Pak for Data for easy data management and built on Red Hat OpenShift, designed so that companies can run and operate applications universally.
With this collaboration, customers will gain the flexibility to run OSDU Data Platform applications in the AWS cloud or on-premises while addressing data residency requirements. Combined with the cloud infrastructure of AWS cloud services, this data platform can help energy companies reduce the cost, time and resources needed to use the data for insights, streamlining operations and transition to sustainable energy generation.
"Data is a critical asset to help fuel energy transition, yet too often energy companies must choose between running applications on-premises or in the cloud, and often each deployment uses a proprietary data format," said Manish Chawla, global managing director of energy, resources and manufacturing, IBM.
"This means that rather than using all of that collective data to gather insights, augment operations and inform innovation, some of it was going unused. Our collaboration with Amazon Web Services is addressing the need to make it easier for energy customers to access their data and provides the industry with a flexible solution to meet the challenges of today, as well as more easily adapt as the industry evolves."
The news comes as energy companies require solutions that help drive efficiencies to free up capital, time and resources to invest in discovering new, more sustainable energy sources for the future.